A memory system includes: a memory device including a plurality of memory blocks for storing data; a controller memory including a read data area for storing first data, which is read from a victim memory block among the plurality of memory blocks, and a write data area for storing second data, which is to be written into a target memory block among the plurality of memory blocks; and a controller suitable for reading the first data from the read data area, storing the first data into a host memory, and, when the first data stored in the host memory satisfies a predetermined condition, reading the first data from the host memory and storing the first data into the write data area.